Chevron has signed an agreement with Microsoft to supply electricity over 20 years to the software giant’s planned AI data center in West Texas.
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PREPARE FOR AI-LED CYBER ATTACKS, WESTERN LEADERS WARN
The West’s lead in integrating AI into military and cyber defense capabilities is vanishing, the cyber defense chiefs of Australia, Canada, New Zealand, the U.K., and the U.S. warned in a joint announcement last week.
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WAR AND CONSTITUTIONAL INDIFFERENCE
Since its inception, the government of the United States has inexorably exceeded its powers under the Constitution.
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LEBANON/GAZA DEATH TOLL
Israel has killed at least 73,035 Palestinians inside Gaza since the genocide started in October 2023.
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MARKET OVERVIEW
A Thursday bounce in semiconductor stocks brought the market back from a selloff on Wednesday after the U.S. Federal Reserve’s rate-setting committee indicated a growing likelihood of an interest rate increase this year.
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HIGH ENERGY COST IS DRIVING JOBS OUT OF THE U.K.
Britain’s high energy prices are not only driving manufacturing jobs abroad but also risk the loss of key industries, a union and a manufacturing trade group warned last week.
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JAPAN’S YEN HOVERS NEAR 40-YEAR LOW AGAINST THE DOLLAR
The U.S. dollar’s value rose on the signing of the Iran War’s ceasefire last week, dropping the Japanese yen within a fraction of its lowest value since 1986.
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GLOBAL RECOVERY FROM IRAN WAR WILL BE LONG
Even though the Strait of Hormuz has reopened – at least for now – normal flows of oil, gas, and other products from Gulf nations will take months to return to pre-war volumes, economists and experts told The Wall Street Journal.
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CREDIT CARD BLUES
Economists have been alarmed that 13 percent of U.S. credit card accounts were at least 90 days past due in this year’s first quarter, near the peak of delinquencies during the Great Recession.
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GM LETS EV OWNERS SELL POWER BACK TO THE GRID
General Motors is preparing to download a software update to some of its electric vehicles (EVs) that will enable their owners to direct power from the cars’ battery packs back into the electric grid.